Far too many Canadians simply walk down the street to their local bank when they need a home loan, even though good mortgage brokers could earn them a much better rate by negotiating with different lenders to ensure they’re getting the best possible mortgage rate. That’s changing, though, as more and more homebuyers and homeowners [...]
As we have noted in the past, relatively recent changes to legislation and lending guidelines have made it tougher for new and lesser-qualified borrowers to get home loans. What sometimes gets lost in the discussion about tighter credit, however, is that home loan rates in Canada are at a historic 60-year low. In other words, [...]
If you’re someone who has bought a home in the past, and have thought about doing it again recently, you’ve probably noticed that the Canadian mortgage industry has changed quite a bit in the past couple of years. The rash of bad loans throughout North America has led both lenders and lawmakers to a new [...]
Where do you turn when you need to find a loan to buy a new home or condo? If you’re like most Canadians, you head down to your local bank, see the loan officer, and find out what kinds of rates and financing are available. What you might not realize, however, is that there is [...]
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